EAST PROVIDENCE â€” Planning Director Jeanne M. Boyle is slated to deliver some positive economic development news to the Town Council tonight, including reports that the developer of the Metacomet Office Park in East Providence is moving ahead with a proposal to construct a 430-unit multi-family development at Kettle Point.
A formal application has been submitted to the Waterfront Commission by real estate developer Churchill and Banks, which is proposing to begin construction on the new project later this year.
The council meeting begins at 7:30 p.m. at City Hall, 145 Taunton Ave.
The property known as Kettle Point was recently put under agreement by Churchill and Banks from the BP Corporation. Originally used as farmland, the site was sold to Arco and Amoco in the early 20th century for the construction of oil storage tanks, which have since been removed.
The site under Churchill and Banks' proposal will be completely remediated and developed to include about 430 residential units on 40 acres of land and public parks. All roads will be open to the public with parking for public access to the East Bay Bike Path. The project is expected to be completed in 2014.
It was Churchill and Banks who developed the Metacomet Office Park, which includes 15 single-story multi-unit buildings perched on the scenic Veterans Memorial Parkway overlooking downtown Providence.
In her Planning Department update to the council tonight, Boyle will also discuss a recent decision by the Budget Commission to approve a release of funds for a $40,000 Waterfront Commission Green Business Loan to SD Concepts to permit its relocation from West Warwick to Dexter Road. SD Concepts is a high-end automotive prototyping and fabricating firm.
The Waterfront Commission Green Business Loan program provides low-interest loans for either commercial or industrial businesses to finance the acquisition, construction and improvements of land or buildings and for the purchase of capital equipment. Loan funding is available to businesses currently located in or relocating to East Providence.
Boyle will also note the ribbon cutting ceremony that recently took place at SkyZone Indoor Sports. Skyzone opened in late December and has created nearly 70 new full- and part-time jobs. They were the recipient of a City CDBG job-training grant.
The 25,000-square-foot indoor trampoline park was developed by Jump City Providence at an existing building on Pawtucket Avenue. The facility features linked trampolines for open jumping, fitness classes, corporate events, team play and birthday parties. Sky Zone operates similar parks in Massachusetts.